Investigation Into Korean Steel Dumping Commenced

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  • TEMPO.CO, Jakarta - The Indonesian Antidumping Committee (KADI) has commenced an interim review of antidumping duty imposed on imported steel or hot rolled coil (HRC). The review was conducted at all Korean HRC exporters, except Hyunday Steel Company, POSCO, Dongkuk Industries Co., and Hyunday HYSCO.

    “KADI found evidence that the importation containing dumped imported HRC came from South Korea. Therefore, there is an indication [that the country] still conduct dumping practices,” KADI chief Ernawati said in a press release received by Tempo on Wednesday, August 19.

    Ernawati added that KADI had informed all stakeholders—including domestic industries, importers, exporters, manufacturers and traders, Indonesian Embassy to South Korea and South Korea representatives in Indonesia—about the commencement of the investigation.

    Ernawati added that other stakeholders who wanted to contribute to the investigation would be welcomed to share information related to dumped goods. KADI, Ernawati said, had opened opportunities to participate in providing information for the next two weeks.

    The investgiation, Ernawati explained, was conducted under Government Regulation No. 34/2011 on Antidumping Measures, Compulsory Measures, and Trade Safeguard Measures, as well as Trade Miister Regulation Number 76/M-DAG/PER/12/2012 on Investigation Procedures in the Framework of Imposition of Antidumping Measure and Compulsory Measure.